News / UWE Bristol
£500k funding available for Bristol businesses
Small and medium businesses could benefit from grants of up to £75,000 with the relaunch of the Innovation 4 Growth programme.
Eligible companies, startups, social enterprises and sole traders from across the West of England are invited to apply for a portion of the £500,000 pot dedicated to helping develop new products, technologies, processes and services within the industrial sector.
Run by UWE Bristol, the hugely successful scheme is financed by through the European Regional Development Fund (ERDF) and so grant recipients must commit to creating new jobs in the region, this contributing to the wider economy.
Over the past five years, the programme has issued £7.4m of grants to 98 innovative small and medium enterprises (SMEs), which have in turn invested £16m of their own private sector funds into research and development activity.
The combined work has created or safeguarded more than 900 jobs across the region.
Businesses can apply for grants of between £10,000 and £75,000, covering up to 35 per cent of total project costs, which can include consultancy, the purchase of equipment, technology, machinery and materials, testing, trials, market assessment and training.
The programme is one strand of UWE Bristol’s wider innovation, enterprise and business growth offering in the region. The Future Space business incubator (main image) and Bristol Robotics Laboratory are also based at UWE’s Frenchay campus.
Expressions of interest can be made online at: www.innovation4growth.co.uk. For more information, or to discuss potential applications, e-mail: [email protected].
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